212 Levy to fund electricity support payments
Energy Act 2023 (2023 c 52) | Legislation

212  Levy to fund electricity support payments

(1)     The Secretary of State may make regulations requiring the payment of a levy by electricity suppliers for the purpose of funding—

(a)     the making of electricity support payments by virtue of section 211 (including expected future payments);

(b)     any other costs arising by virtue of section 211 or this section (including expected future costs).

(2)     The regulations may make provision—

(a)     about the calculation of the levy;

(b)     requiring electricity suppliers to provide financial collateral in respect of their obligations to pay the levy, and about the form and terms of such collateral;

(c)     for the issuing of notices to require the payment of the levy or the provision of collateral;

(d)     for the provision of copies of such notices to persons specified in the regulations or for the publication of such notices;

(e)     about how amounts of levy are to be applied once paid (including provision for amounts to be held in reserve or paid into the Consolidated Fund);

(f)     for the recovery of unpaid

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